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Latest Results from /regulation

/regulation

SEC sues crypto exchange Kraken

The US Securities and Exchange Commission has sued Kraken, accusing the crypto trading platform of operating as an unregistered securities exchange, broker, dealer, and clearing agency.

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Mastercard gets green light for domestic payments processing in China

Mastercard has finally secured formal approval to begin domestic payment processing in China, enabling the US firm to issue yuan-denominated banks cards in the country.

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Revolut to offer bond trading for EU clients

UK fintech Revolut has set its sights on Europe's fixed income market as the next investment option for its clients.

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Irish association calls for national fintech centre

A lobby group representing Ireland's financial services sector has called on the government to establish a physical centre for fintech firms.

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Canadian fintechs demand open banking action

Dozens of technology leaders have signed a letter to Canada's finance minister calling for a clear roadmap for the delivery of a long-awaited open banking framework.

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Payday lender Enova fined and banned from offering short-term loan deals

US payday lender Enova has been fined $15 million by the Consumer Financial Protection Burea (CFPB) and banned from offering short-term loans in the wake of "widespread illegal conduct".

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Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

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FCA taps OneMarketData for market surveillance

The UK's Financial Conduct Authority (FCA) has picked OneMarketData for the provision of a new cloud-based market surveillance and visualisation system.

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International crypto tax evasion deal agreed

Nearly 50 countries - including the US, UK, Brazil and Japan - have signed up to new standards starting in 2027 designed to combat cryptocurrency tax evasion.

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Celsius Network to pay back customers as bankruptcy case concludes

Celsius Network has received approval from a New York judge for a restructuring plan that will repay customers’ assets through new company owned by Celsius creditors and managed by Fahrenheit.

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NatWest cuts Alison Rose payout following de-banking scandal

NatWest has scrapped over £7.5 million of former chief executive Alison Rose’s payout following her forced resignation due to the shutdown of Nigel Farage’s bank accounts.

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BlackRock expands crypto strategy with Ethereum ETF application

In a filing through Nasdaq, the world’s largest asset manager revealed its plans to create an ETF that holds Ethereum’s ether token (ETH), bolstering its cryptocurrency strategy.